The first thing you need to remember while comparing My Value Trade with ShareKhan is that ShareKhan is a full service broker while My Value Trade is an online share trading platform that provides discount broking services.
My Value Trade does not charge you anything to open a trading account, while the fee for opening the same with ShareKhan is Rs. 750. Annual maintenance cost too is nil for My Value Trade, and Rs. 450 for ShareKhan.
The pricing of the two is hugely different. My Value Trade provides you with greater benefits at a lower cost, which you can add to your profits. There are no minimum brokerage charges for My Value Trade, while Share Khan charges Rs. 0.10 per share. All equity and commodity broking services are charged at Rs. 10 by My Value Trade. ShareKhan start at 0.10% for equity intraday, equity future, currency futures and commodity charges, 0.50% for equity delivery charges, and goes as high as 2.5% or Rs. 100 per lot (whichever is higher) for equity options charges.
Investment services like stock and equity, commodity and currency are provided by both. ShareKhan also provides services like IPO, debt, mutual funds and bond/NCD.
|My Value Trade||ShareKhan|
|Basic Information||Type of Broker||Discount Broker||Full Service Broker|
|Exchanges||BSE, NSE, MCX||BSE, NSE, MCX, NSEL & NCDEX|
|Fees for Opening Trading Account||Nil||Rs. 750|
|Annual Maintenance Charges of Trading Account||Nil||Rs. 450|
|Fees for Opening Demat Account||Rs. 555||Nil|
|Annual Maintenance Charges of Demat Account||Rs. 400||Rs. 400|
|Brokerage Charges||Equity Delivery Charges||Rs. 10||0.50%|
|Equity Intraday Charges||Rs. 10||0.10%|
|Equity Future Charges||Rs. 10||0.10%|
|Equity Options Charges||Rs. 10||Rs. 100 per lot or 2.5% on premium, whichever is higher|
|Currency Futures Charges||Rs. 10||0.10%|
|Currency Options Charges||Rs. 10||Rs. 100 per lot or 2.5% on premium, whichever is higher|
|Commodity Charges||Rs. 10||0.10%|
|Minimum Brokerage Charges||Nil||Rs. 0.10 per share|
|Transaction Charges||Equity Delivery||0.00%||0.1% from both sides|
|Equity Futures||0.00%||0.17% from selling side|
|Equity Options||0.06% on Premium||0.017% on premium from selling side|
|Currency Futures||0.00%||0.17% from selling side|
|Currency Options||0.042% on Premium||0.017% on premium from selling side|
|Acceptance of Orders After Trading Hours||Y||Y|
|Trading Platform||MVT Trader||Trade Tiger|
|Investment Services||Stock/ Equity||Y||Y|
|IPO (Initial Public Offers)||N||Y|
|Customer Support||24/7 Customer Support||N||N|
|Online Live Chat||N||Y|
|Reports||Daily Market Report||N||Y|
|Quarterly Analysis of Results||N||Y|